Since the formation of TSCAB in 2015, the financial year 2020-2021 has been the best year for the Apex bank as it surpassed all the targets set during the fiscal yeal
The company had reported a loss of Rs 0.96 crore in the corresponding period last year
The country's largest lender State Bank of India (SBI) on Wednesday reported a 55.41 per cent rise in consolidated net profit at Rs 5,245.88 crore for the second quarter.
The company had posted a net profit of Rs 91.90 crore in the corresponding period of the previous fiscal, Suven said in a filing to the BSE.
The results released Thursday give the first sign of how one of the world's best-known companies is faring as the US economy plunges into its first recession in more than a decade.
The earnings highlighted Microsoft's successful transition from a pure consumer software firm to a diversified tech giant focused heavily on business services.
Commenting on the financial results, Dr Reddy’s co-chairman and managing director, GV Prasad said "I am pleased with our performance across the businesses and strong cash generation during the quarter. We are progressing well in execution of our strategy and in our transformation journey on quality and efficiency."
Q2 profits were ahead of expectations, HMC Investment Securities analyst Greg Roh told AFP, although smartphone sales lagged behind consensus forecasts.
The company said that operating profit fell to 3.9 billion euros ($4.4 billion) from 4.2 billion euros in the same quarter a year ago
"IDGS will provide platform for the young start-ups and youths to unleash their creativity and contribute towards digital economy of the country. Digital Gaming sector will open up new avenues of skilling and help create more job opportunities in India," the chamber said.
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